Is Saint Joseph County, MI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Saint Joseph County is a seller's market

Buyer's
Market

Difference Since August 2021

Since last year, Saint Joseph County has remained a Seller's Market.

Key Takeaway

Saint Joseph County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Saint Joseph County, MI cost?

Median Sold Price

$171,107

$114/sqft

Based on all homes sold in the last 12 months.

Difference Since August 2021

+$11,106(+6.9%)

Key Takeaway

Homes in Saint Joseph County have sold for 6.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSAug 2021Aug 2022%
1 $111K$80K
-27.9%
2 $112.1K$125K
+11.5%
3 $154.9K$172K
+11.0%
4 $203.3K$224K
+10.2%
5+ $305K$306.5K
0.5%

Median Sold Price Compared To Nearby Counties

Cass County
+21.7%
Branch County
+19.7%
Saint Joseph County
+6.9%

How many homes are available in Saint Joseph County, MI?

Number of Homes For Sale

Jul 2022Aug 2022%
242254+5.0%

Homes For Sale By Bedroom Count

# BEDSJul 2022Aug 2022%
1 67
+16.7%
2 4547
+4.4%
3 129128
-0.8%
4 4245
+7.1%
5+ 2027
+35.0%

Number of Homes Sold

Jul 2022Aug 2022%
5670+25.0%

Asking Price vs. Sold Price

31 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

24 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Saint Joseph County, you may be able to get a good deal. 44.3% of homes here sold below asking price last month.

Average Sale Time

Aug 2021Aug 2022%
71 Days102 Days+43.7%

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Saint Joseph County are taking a long time to sell, it's a good idea to negotiate on homes here.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Saint Joseph County, MI

There are 254 homes are for sale in Saint Joseph County, MI real estate market. The number of listings in Saint Joseph County, MI increased by 5% between July 2022 and August 2022. In August 2022 median list price was $171,107 and the average listing age was 102 days. Listing prices have changed in this real estate market between July 2022 and August 2022: 1 bedroom properties prices decreased by 27.9%, 2 bedrooms properties became 11.5% more expensive, 3 bedrooms properties became 11% more expensive, the cost of 4 bedrooms properties went up by 10.2%, 5 bedrooms properties became 0.5% more expensive. The following changes in the number of homes for sale were observed in this housing market: volume of 1 bedroom homes went up by 16.7%, 2 bedrooms homes inventory increased by 4.4%, 3 bedrooms homes became 0.8% less available, 4 bedrooms homes became 7.1% more available, the quantity of 5 bedrooms homes went up by 35%. Over 24 listings were sold over their listed price in August 2022 in Saint Joseph County, MI. In the same period over 31 listings were sold below the listed price and 15 listings were sold for the listed price.

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